Examination
The CFE Exam consists of 500 questions divided into four sections: Fraud Examination and Investigation, Criminology and Ethics, Financial Transactions, and Legal Elements of Fraud. Each question has a time limit of 75 seconds, and each section contains 125 questions.
The CFE Exam covers the following four areas:
- Fraud Prevention and Deterrence - Tests your knowledge of why people commit fraud and what can be done to prevent it. Topics covered in this section include crime causation, white-collar crime, occupational fraud, fraud prevention, fraud risk assessment, and the ACFE Code of Professional Ethics.
- Financial Transactions - This section tests your knowledge of the types of fraudulent financial transactions incurred in accounting records. To pass this section, you will be required to demonstrate knowledge of these concepts: basic accounting and auditing theory, fraud schemes, internal controls to deter fraud and other auditing and accounting matters.
- Fraud Investigation - This section includes questions in the following areas: interviewing, taking statements, obtaining information from public records, tracing illicit transactions, evaluating deception and report writing.
- Legal Elements of Fraud - This section ensures that you are familiar with the many legal ramifications of conducting fraud examinations, including criminal and civil law, rules of evidence, rights of the accused and accuser and expert witness matters.
Read more about this topic: Certified Fraud Examiner
Famous quotes containing the word examination:
“A clergyman, again, can hardly ever allow himself to look facts fairly in the face. It is his profession to support one side; it is impossible, therefore, for him to make an unbiased examination of the other.”
—Samuel Butler (1835–1902)
“The Afrocentric exploration of the black past only scratches the surface. A full examination of the ancestry of those who are referred to in the newspapers as blacks and African Americans must include Europe and Native America.”
—Ishmael Reed (b. 1938)
“If we justify war, it is because all peoples always justify the traits of which they find themselves possessed, not because war will bear an objective examination of its merits.”
—Ruth Benedict (1887–1948)